$AVAX : Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP AVAX
Entry: $10.8400 - $10.9000
Stop Loss: $10.4650
Take Profit: $11.6800 (2R)
Key Levels: Support $10.4650 | Resistance $11.0000
Technical Analysis for $AVAX: AVAX is trading above its 9, 21 and 200EMA, while the MACD line sits well above the signal and the histogram is positive, confirming upward momentum. ADX above 30 shows a strong trend, and a 22% bidside orderbook imbalance adds buying pressure. The price respects the 10.465 support and eyes the 11.0 resistance.
Market Context: BTC is up 0.9% on the day and the market breadth is broadly positive, with about 69% of assets green, reinforcing a
LONG $AVAX
LONG SETUP AVAX
Entry: $10.8400 - $10.9000
Stop Loss: $10.4650
Take Profit: $11.6800 (2R)
Key Levels: Support $10.4650 | Resistance $11.0000
Technical Analysis for $AVAX: AVAX is trading above its 9, 21 and 200EMA, while the MACD line sits well above the signal and the histogram is positive, confirming upward momentum. ADX above 30 shows a strong trend, and a 22% bidside orderbook imbalance adds buying pressure. The price respects the 10.465 support and eyes the 11.0 resistance.
Market Context: BTC is up 0.9% on the day and the market breadth is broadly positive, with about 69% of assets green, reinforcing a
LONG $AVAX